Morristown Approves PSA With 10-16 LLC for Housing

The Town of Morristown authorized execution of a Purchase and Sale Agreement with 10-16, LLC and Morris Habitat for Humanity, Inc. for the nominal $1.00 sale of Block 4901, Lot 6 to support an affordable housing project. The resolution allows the Town to approve and enforce PSA provisions related to affordable housing under the M Lofts Spring Street redevelopment plan.

Scope & details

The full contract record, as filed.

Contract amount

$1.00 (nominal sale price)

Contract type

OTHER

Contract term

Deed restriction for 30 years as for-sale affordable housing

Renewal

Contract embeds a 30-year affordable housing deed restriction; no explicit renewal or extension options are specified.

Document type

AgendaPacket

Source document

Town of Morristown Agenda Packet 2026-07-14

Related contracts

Other contracts from 10-16 Llc.

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Town of Morristown Town Council Regular Meeting Agenda 2026-07-14

PENDING

Town of Morristown, New JerseyJul 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Morristown?

10-16 Llc was awarded this government contract by Town of Morristown, as recorded on July 14, 2026. The contract value is $1.00 (nominal sale price).

How much is the 10-16 Llc contract with Town of Morristown worth?

The 10-16 Llc contract with Town of Morristown is valued at $1.00 (nominal sale price).

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Morristown Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from Town of Morristown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 10-16 Llc hold?

10-16 Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Morristown currently buying?

Explore Town of Morristown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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